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Universal Times Magazine > Blog > Other Business News > Tata Steel share price rises 2% on proposal for sub-division of equity shares
Other Business News

Tata Steel share price rises 2% on proposal for sub-division of equity shares

Gaurav Verma
Last updated: 2022/04/18 at 12:15 PM
Gaurav Verma
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Goodbye Steel share cost rose 2% intraday on April 18 as the organization plans sub-division of its value shares.

A gathering of the top managerial staff of Tata Steel will be hung on May 3 to consider the offer sub-division and take on record the examined independent and unaudited solidified budget summaries and results for the quarter finished March 31, 2022, as per a public statement gave by the organization.

The Board will likewise suggest profit, if any, for the monetary year finished March 31, 2022, on that day.

The organization designs a sub-division of its value shares having an assumed worth of Rs 10 each, in such way as not entirely set in stone by the governing body, likely to administrative/legal endorsements as might be required and the endorsement of the investors of the organization, the assertion said.

At 9:40am, Tata Steel was citing at Rs 1,339.60, up Rs 20.35, or 1.54 percent, on the BSE.

The offer contacted a 52-week high of Rs 1,534.60 and a 52-week low of Rs 854.90 on August 16, 2021 and April 19, 2021, separately. At present, it is exchanging 12.71 percent underneath its 52-week high and 56.7 percent over its 52-week low.

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Gaurav Verma April 18, 2022 April 18, 2022
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